Insider Selling: Gloo (NASDAQ:GLOO) Major Shareholder Sells $14,080.00 in Stock

Gloo Holdings (NASDAQ:GLOO) major shareholder Financial For Luthera Thrivent sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $3.52, for a total value of $14,080.00. Following the sale, the insider owned 4,153,000 shares of the company’s stock, valued at approximately $14,618,560. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Financial For Luthera Thrivent also recently made the following trade(s):

• On Friday, August 7th, Financial For Luthera Thrivent sold 11,000 shares of Gloo stock. The stock was sold at an average price of $3.55, for a total value of $39,050.00.
• On Thursday, August 6th, Financial For Luthera Thrivent sold 7,000 shares of Gloo stock. The shares were sold at an average price of $3.39, for a total value of $23,730.00.
• On Wednesday, August 5th, Financial For Luthera Thrivent sold 6,000 shares of Gloo stock. The shares were sold at an average price of $3.43, for a total transaction of $20,580.00.
• On Tuesday, August 4th, Financial For Luthera Thrivent sold 15,000 shares of Gloo stock. The shares were sold at an average price of $3.53, for a total transaction of $52,950.00.
• On Monday, August 3rd, Financial For Luthera Thrivent sold 21,000 shares of Gloo stock. The stock was sold at an average price of $3.46, for a total transaction of $72,660.00.
• On Thursday, July 30th, Financial For Luthera Thrivent sold 6,600 shares of Gloo stock. The stock was sold at an average price of $3.14, for a total transaction of $20,724.00.
• On Friday, July 31st, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The shares were sold at an average price of $3.23, for a total transaction of $64,600.00.
• On Wednesday, July 29th, Financial For Luthera Thrivent sold 1,000 shares of Gloo stock. The shares were sold at an average price of $3.14, for a total transaction of $3,140.00.
• On Wednesday, July 22nd, Financial For Luthera Thrivent sold 100 shares of Gloo stock. The shares were sold at an average price of $3.37, for a total transaction of $337.00.
• On Friday, July 10th, Financial For Luthera Thrivent sold 20,000 shares of Gloo stock. The stock was sold at an average price of $2.98, for a total transaction of $59,600.00.

Gloo Trading Up 1.8%

Shares of Gloo stock opened at $3.47 on Friday. Gloo Holdings has a 1-year low of $2.94 and a 1-year high of $9.98. The company’s fifty day simple moving average is $3.90 and its 200-day simple moving average is $5.18. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.91. The stock has a market capitalization of $284.92 million and a PE ratio of -0.61.

Gloo (NASDAQ:GLOO) last posted its quarterly earnings data on Monday, June 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $41.53 million during the quarter. As a group, equities analysts anticipate that Gloo Holdings will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Gloo

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Grace & Mercy Foundation Inc. purchased a new position in shares of Gloo in the fourth quarter valued at about $14,225,000. 1492 Capital Management LLC grew its position in shares of Gloo by 5.5% during the first quarter. 1492 Capital Management LLC now owns 301,706 shares of the company’s stock worth $1,451,000 after purchasing an additional 15,824 shares in the last quarter. Waverly Advisors LLC purchased a new stake in shares of Gloo during the first quarter worth about $1,202,000. Annandale Capital LLC bought a new stake in Gloo during the 4th quarter valued at approximately $1,423,000. Finally, Cornerstone Management Inc. bought a new stake in Gloo during the 1st quarter valued at approximately $601,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on GLOO. Benchmark lifted their price objective on Gloo from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Wall Street Zen lowered shares of Gloo from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Citizens Jmp initiated coverage on shares of Gloo in a research note on Monday, July 20th. They set an “outperform” rating and a $8.00 target price on the stock. Weiss Ratings raised shares of Gloo from a “sell (e)” rating to a “sell (d-)” rating in a report on Wednesday. Finally, Citigroup started coverage on shares of Gloo in a research report on Monday, July 20th. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Gloo has a consensus rating of “Moderate Buy” and an average price target of $13.33.

About Gloo

Gloo’s mission is to build the leading vertical technology platform for the faith and flourishing ecosystem, which we believe is one of the largest, oldest and least-digitized ecosystems in the world. Our purpose is to shape technology as a force for good, so people can flourish and communities can thrive. This is grounded in our belief that relationships catalyze growth, and when technology is used to serve relationships, it transforms lives. The faith and flourishing ecosystem is vast and, we believe, a technologically underserved vertical that includes traditional Christian (primarily Protestant and Catholic) churches and a diverse network of ministries, nonprofits and service providers.